$469,000 Sale

Listed 15 hours ago

266 Grand AVENUE West

MLS® 26026081 Triplex

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Beds · 0

Baths · 0.0

Parking · 6

Sqft · -

Est. mortgage

$1,779/mo

Key Facts

Key facts for 266 Grand AVENUE West

Property Type

Apartment

Parking

Garage: No, 6 parking

MLS #

26026081

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

1900

Maintenance Fee

Description

Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income ...from the upper unit. Situated on a large lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Heating Source

Natural gas

Heating Type

Furnace

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Flooring Type

Hardwood, Laminate, Cushion/Lino/Vinyl

Washrooms

0.0

Heating Source

Natural gas

Heating Type

Furnace

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Flooring Type

Hardwood, Laminate, Cushion/Lino/Vinyl

Exterior

Acreage

80.56 x Irregular / 0.51 AC|0.50- 1.00 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

UC (HC1)

Acreage

80.56 x Irregular / 0.51 AC|0.50- 1.00 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

UC (HC1)

Building Description

Home Type

Apartment

Subtype

Triplex

Year Built

1900

Exterior

Aluminum/Vinyl, Brick

Home Type

Apartment

Subtype

Triplex

Year Built

1900

Exterior

Aluminum/Vinyl, Brick

Community

Chatham-kent

Area Code

Chatham

Community

Chatham-kent

Area Code

Chatham

Room Types

3pc Bathroom

Measurements not available

0 sqft

4pc Bathroom

Measurements not available

0 sqft

Bedroom

Dimensions 10 ft x 10 ft ,4 in

103.33 sqft

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